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Air Lease Corporation orders 7 additional ATR 72-600s


The U.S. leasing company has placed orders for new ATR 72-600s every year since 2010, for a total of 28 aircraft


On the occasion of the Farnborough Airshow, the European turboprop manufacturer ATR and the leasing company Air Lease Corporation (NYSE: AL) today signed an agreement for the purchase of seven additional ATR 72-600s. Air Lease Corporation (ALC) has purchased ATRs every year since its first contract at Farnborough in 2010. With today’s agreement, ALC now has 28 ATR 72-600s in its portfolio.ATRs are currently operated by over 180 carriers worldwide thanks to their high reliability, comfort, and low operating costs for airlines.

 

Steven Udvar-Házy, Chairman and Chief Executive Officer of Air Lease Corporation, stated, "We are experiencing success placing our ATR 72-600s with operators expanding regional air connectivity and short segment routes all over the world. With its compelling operating costs and modern cabin interior designs, we believe demand for this aircraft will continue to increase.”

 

Patrick de Castelbajac, Chief Executive Office of ATR, said: “Today’s deal further underlines the appeal of the newest ATR ‘-600s’ for the leasing firm community.” He added: “We are honored that such a successful company as Air Lease and the main trend-setter of the aviation industry, Mr. Udvar-Házy, are renewing their confidence in ATR as the most efficient aircraft in regional aviation”.

 

About the ATR 72-600:

  • Passenger capacity: 68 to 74 seats
  • Engines: Pratt & Whitney 127M
  • Maximum take-off power: 2,750 horsepower per engine
  • Maximum take-off weight: 23,000 kg
  • Maximum load: 7,500 kg
  • Maximum flight range when fully loaded: 900 nautical miles (1,665 km)

 

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC’s website at www.airleasecorp.com.

About ATR:

European turboprop manufacturer ATR is the world leader in the regional aviation market. ATR designs, manufactures and delivers aircraft, with its fleet encompassing some 200 airlines in nearly 100 countries. The ATR 42 and the ATR 72 are the best-selling aircraft in the below 90-seat category. With continuous improvement as a driving force, ATR produces cutting edge, comfortable and versatile turboprops that help airlines expand their horizons by creating more than 100 new routes every year. Compared with other turboprops, ATRs offer an advantage of 40% on fuel burn, 20% on trip cost and 10% on seat cost, whilst offering the lowest noise emissions. ATR is an equal partnership between leading aerospace firms Airbus and Leonardo and benefits from a large global customer support network allowing it to deliver innovative services and solutions to its clients and operators all over the world. For more information, please visit http://www.atr-aircraft.com. Follow us on Twitter - #ATRLeads
 

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